Bank Nifty Options 8 jan 2021

As discussed before open Nifty hit a high of 14256 against algo level of 14255, in fact opened near highs and went downhill. Bank nifty opened above the range and went to make a high of 32177 against modified algo resistance of 32224 posted on radio channel. Bank nifty tried to hit the bear wall twice but failed miserably closing below 32000. Trading rooms were updated before open that Nifty might try for a fall in last hour which punctured the hopes of 14250+ expiry. ( for details read description below )

Decision range
31984-32046

Resistance for the day
32119

Support for the day
31848

Expectations

Trend day

Real time updates

Traders are updated before open and during market hours in trading rooms , description and details below